President Trump is working on a plan to reduce the corporate tax rate to 15% for companies that manufacture products in the United States.
“I think what Trump is basically talking about is a really interesting idea, but it's not necessarily about removing income tax, it's about reducing all tax rates to 15%,” Moore said. Glenbeck of the “Glenbeck Program.”
“I brooched with Trump the other day. The idea is 15, 15, 15. If you have a 15% corporate tax rate, 15% personal income tax, 15% universal tariff, and 15% capital gain dividends, What do you think?” he continues. “Can you imagine that?”
“It's going to unleash prosperity like anyone's business,” Glenn agrees.
https://www.youtube.com/watch?v=kwzaiwcbmcq
However, some Americans are still justly concerned that tariffs are merely separate taxes on the population that are already taxed.
“What he wants to do is charge a 15% tax on anything made in China, Europe or Japan, but it's made in Michigan, Ohio, Pennsylvania, California or Maine. If there is, he wants a 15% tax rate,” explains Moore.
“What I'm saying is that if it's done in the US, you pay 15% income tax. In other words, you make a profit on selling something, create a widget, and then you're going to have them in Pennsylvania. “Let's say you benefit from making widgets for. It's made in America,” he continues.
“So what you're trying to do is distort the table a little more in favour of buying things than the US and other countries,” he says. . ”
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